In Pursuit of Profit - Blog

The Pros and Cons of Doing Business in Oregon

8/12/2019

The Pros and Cons of Doing Business in Oregon

Is Oregon the right place for your business? Many Americans dream of starting a business, and the number of new ventures has continued to reach new heights. If you're thinking about launching a company, where you do so matters.

Entrepreneurs are increasingly choosing to call Oregon their home base. The state's economy is strong, and many local communities are committed to the success of small businesses.

6 Tips for Organizing Business Receipts

7/22/2019

6 Tips for Organizing Business Receipts

Many business owners struggle with back-end office organization, especially regarding financial items like business receipts. The problem is two-fold: most business owners underestimate the importance of business receipts, and receipts are hard to organize manually.

While it is advisable to keep all purchase receipts – personal and professional – a desire to reduce paper clutter and make the right choice environmentally has many people skipping the receipt altogether or asking for an emailed copy.

How to do Background checks on Prospective Employees

7/3/2019

How to do Background checks on Prospective Employees

Hurried hiring is bad hiring. Yet many businesses still hire new employees hastily, filling everything from entry-level positions to key strategic roles. Fast-growing businesses are the most at risk for rushed hiring because they have the most open positions and the greatest incentive to fill them quickly. Unfortunately, this can be a recipe for disaster, derailing competitive momentum and stymying long-term growth.

How Long Should You Keep Business Records?

5/7/2019

How Long Should You Keep Business Records?

A Business Owner’s Guide to Retaining Tax Returns, Financial Records and Key Documents

The sheer volume of paper that accumulates in a business can be overwhelming. Taxes, employees, assets, cash and credit accounts, investments, and accounts payable and receivable all generate a paper trail that can bury daily operations if left unchecked.

8 Signs That it May Be Time to Fire an Accounting Firm

4/10/2019

Picture8 Signs That it May Be Time to Fire an Accounting Firm

Shrewd business owners understand the benefits of outsourcing accounting functions. Utilizing an accounting firm maximizes business value by improving financial reporting accuracy and timeliness, allowing for better strategic planning, and reducing tax burden. However, these benefits depend on a solid working relationship with an experienced accounting firm. When there is a poor fit or the firm is performing inadequate work, its value is likely lower than expected. In extreme cases, business objectives and strategic growth plans can also be stymied.

If you notice any of these critical issues, it may be time to fire your accounting company:

Top 10 Bookkeeping New Year's Resolutions

1/7/2019

Top 10 Bookkeeping New Year's Resolutions

Every year people ring in the New Year with overly ambitious personal resolutions that aim to improve their quality of life or the state of the world around them.

However, less than a month later these resolutions are largely abandoned as they resume their normal behaviors.

8 Tips for Effective Leadership During Downsizing

12/26/2018

8 Tips for Effective Leadership During Downsizing

Every year millions of employees are laid off amid downsizing efforts. In fact, in 2017 the top 12 employers to conduct layoffs reduced the workforce by more than 47,000 individuals. While some industries bear a larger proportion of the downsizing burden, no industry is exempt. Additionally, private companies are just as likely to downsize as public companies, making employee layoffs an inevitable reality in business.

Which Type of Business Entity is Best for a New Business?

11/29/2018

WHICH TYPE OF BUSINESS ENTITY IS BEST FOR A NEW BUSINESS?

During the formation process, founders have an important question to answer – which business entity is best for my business?

Deciding among available business types is a decision that should not be rushed or approached casually.

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